| Investment Objective: |
Grayscale Bitcoin Miners ETF offers investors targeted, pure-play exposure to Bitcoin Miners and the Bitcoin Mining Industry. MNRS delivers this in the form of a fund that is passively managed, rules-based, and tracking an index designed to adapt as the Bitcoin mining industry evolves. Under normal circumstances, the Fund will invest at least 80% of its net assets in the constituents that comprise the Index and in other instruments that have economic characteristics and provide investment exposure similar to the component securities of the Index. Other instruments that have economic characteristics and provide investment exposure similar to the component securities of the Index include depositary receipts such as American Depositary Receipts and Global Depositary Receipts. The Fund invests in equity securities and depositary receipts of companies included in the Index. The Fund uses a passive management approach to track the performance, before fees and expenses, of the Index. The Index is designed by Indxx to consist of U.S. and non-U.S. equity securities of companies that have been classified by the Index Provider as providing exposure to global bitcoin mining companies that generate revenue from bitcoin mining activities or mining related hardware, software and/or services. |
